Risk Governance Ecosystem in Information Communications Technology Industry using the Three Lines of Defense (3LOD) Framework Approach in the Philippines
Quantitative analysis finds ICT infrastructure significantly influences risk governance in ICT, highlighting areas for improvement.
Key Points
ICT infrastructure was perceived as the strongest influence on the implementation of the three lines of defense framework.
All three predictors—risk culture, regulatory environment, and ICT infrastructure—were rated as having a very high effect on governance components.
The analysis indicated that while regulatory environment influences operational management, it does not significantly affect other governance functions.
Despite a strong perception of risk culture, it showed no significant effect on governance components, indicating a need for better integration.